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20130201
20130228
Search Results 0 to 7 of about 8 (some duplicates have been removed)
, white, and blue. his team sponsor was the u.s. postal service and, in the late 1990s, the agency could hardly believe its luck, that it had put its money on a man who became arguably the greatest endurance athlete of all time. well, today color the pofl service embarrassed. the u.s. justice department announced this afternoon that it will join a civil lawsuit that claims armstrong defrauded the federal government. here's bob orr. >> reporter: the lawsuit as lance armstrong broke his sponsorship contract with the u.s. postal service by using performance-enhancing drugs while winning multiple tour de france titles. the postal service paid at least $31 million to sponsor armstrong's cycling team and now the justice department wants that money back and could seek total damages approaching $100 million. the lawsuit, first filed by armstrong's former teammate floyd landis in 2010, claims the team knowingly caused the united states postal service agreements to be violated by regularly employing banned substances and methods to enhance their performance. that charge brought strong denials from
. that's when the head of the u.s. anti-doping agency, travis tygart, pressed ahead and brought armstrong down. in his only interview, we spoke to tygart for "60 minutes." when you first heard that the u.s. department of justice was going to investigate whether criminal charges were appropriate in this case, what did you think of that? >> i thought it was absolutely appropriate. it was the right thing to do. federal taxpayers... close to $40 million were paid to this team to run what we now know was the most sophisticated and professionalized drug program the world has ever seen. >> pelley: after the criminal investigation was dropped, travis tygart pressed ahead and developed the evidence that cost armstrong his titles and resulted in his lifetime ban from sports. last month, tygart sent this letter to the u.s. attorney general urging him to join the fraud lawsuit. tygart wrote that armstrong's scheme was "one of the greatest frauds in the history of sport." he called armstrong's previous denials "cold, calculated lies." >> i think a jury should have an opportunity to decide whether the
they were talking about for those days. >> pelley: john, thanks very much. the u.s. justice department said today that it is suing standard and poor's rating service, accusing it of a massive fraud when it gave high ratings to mortgage investments that later plunged in value. that helped fuel the 2008 financial meltdown. investors, including pension funds, lost billions on what s&p told them were the safest bets money could buy. anthony mason has more. >> reporter: as the housing bubble was beginning to burst in 2007, standard and poor's was still giving glowing ratings to mortgage-backed securities that some of its own analysts feared would go bad. attorney general eric holder said today the nation's largest rating agency was knowingly executing a scheme to defraud investors and pump up its profits. >> put simply, this alleged conduct is egregious, and it goes to the very heart of the recent financial crisis. >> reporter: the government's 124-page complaint cites internal documents, like this instant message exchange between two s&p analysts. "that deal is ridiculous," the first says. "i k
at a stoplight. one died.o dorner's trail has been cold since his pickup was discovered. today u.s. marshals in la palma,marsha california, searched the home of his mother. police remain on high alert inemai los angeles. dorner targeted several officers in a manifesto posted on his facebook page. he also boasted he could outsmart pursuers.mart he wrote, "i will utilize every bit of small arms trainingize e demolition, ordnance, and survival training i've been given." if dorner is somewhere around here, he may need those survival skills, scott. a we're expecting several more inches of snow and the temperatures here are already in the low 20s. >> pelley: ben, thank you. correspondent john miller is a former senior commander in the l.a.p.d. john, why did he go to big bear? >> well, he didn't go there by accident. that's not a road you make a wrong turn on.go the if you're going to go up that a roa mountain, it's because you intend to.'r there's one way in and one way out. i've been there many times.e wa it appears he didn't end whereeen the he wanted to. he broke the axle on that truck. his fa
Search Results 0 to 7 of about 8 (some duplicates have been removed)